Raw Land Mortgage Rates

Consult agamerica s team of land lending specialists on your next recreational tract purchase.

Raw land mortgage rates. Bare land acreage and lot loans. Larger down payments land loans typically require a larger down payment than traditional mortgages often as much as 20 to 30 of the asking price. California land lot acreage ranch farm loan financing entitlements improvements avoid tax sales land purchase and refinance rates start at 9 99 ltv up to 50 loan amounts from 50 000 to 1 000 000 1 3 year terms no prepayment penalty. Lenders consider raw land as the least desirable collateral for all land uses.

The better your credit score and more favorable your debt to income ratio the more likely it is that you qualify for lower rates. Call today to discuss your land loan 877 462 3422. Even if you plan to build a future home on the property in most cases water well and septic aren t required at time of financing. Unimproved raw land is usually the hardest to finance or get with favorable terms.

Here are average current rates for a 10 year loan. Get a loan to buy bare land in the country or a lot located in a small town. Both fixed rate and fixed to adjustable interest rates are available with a variety of repayment options. If the land you are looking to finance is located in california give us a call to discuss your scenario.

Loan for lot land. Most will require more money down up to 50 percent and charge a much higher interest rate. If you are purchasing raw land the preferred down payment can be as much as 30 to 50 of the total cost.